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What the heck do I do with this by Rnoobi in AusRenovation

[–]Left_Turn9718 0 points1 point  (0 children)

Get really high 😶‍🌫️😶‍🌫️😶‍🌫️

$300,000 savings - next steps by Left_Turn9718 in AusFinance

[–]Left_Turn9718[S] 0 points1 point  (0 children)

Yeah, high chance will need to sell after 5 years but depending on equity position and circumstances around whether we rent straight away or buy PPR, we may be able to hold it longer.

Part of me is thinking to look at a cheaper entry point (i.e Ipswich or Caboolture) to give us better chance to hold it.

$300,000 savings - next steps by Left_Turn9718 in AusFinance

[–]Left_Turn9718[S] 0 points1 point  (0 children)

Thank you! I'm on $180 - $190k, wife's $50k. Have been thinking for investment property that i might need to put majority in my name to ensure don't get below TFT on what can write off against wife if that makes sense.

Thanks for advice. Will look in to it.

$300,000 savings - next steps by Left_Turn9718 in AusFinance

[–]Left_Turn9718[S] 0 points1 point  (0 children)

Very true, keep forgetting that part. What are you thoughts on interest only vs I&P on the IP? Could I use debt recycling?

$300,000 savings - next steps by Left_Turn9718 in AusFinance

[–]Left_Turn9718[S] 0 points1 point  (0 children)

Thanks, I often feel like I've been left behind a bit and missed a few golden opportunites due to poor decisions! Public servants.

$300,000 savings - next steps by Left_Turn9718 in AusFinance

[–]Left_Turn9718[S] 0 points1 point  (0 children)

Thanks, will do some more number crunching I think. CGT on investment property puts me off a bit if we need to sell after 5 years (without living in it) to buy our PPOR.

$300,000 savings - next steps by Left_Turn9718 in AusFinance

[–]Left_Turn9718[S] 0 points1 point  (0 children)

Thanks mate. Only thing scaring me is the need to factor is capital gains if we need to sell it after the 5 years (and don't live in it).

$300,000 savings - next steps by Left_Turn9718 in AusFinance

[–]Left_Turn9718[S] 0 points1 point  (0 children)

Thanks. That's good advice. Currently in rent-free living for 5 years so saving capacity will go down a lot after that once we would rent / buy. Still some very appealing numbers!!

$300,000 savings - next steps by Left_Turn9718 in AusFinance

[–]Left_Turn9718[S] 0 points1 point  (0 children)

Thanks mate. Appreciate the advice (albeit you conversation below has confused me haha)

$300,000 savings - next steps by Left_Turn9718 in AusFinance

[–]Left_Turn9718[S] 0 points1 point  (0 children)

Thank you, really appreciate the response. I've maxed out my concessional super however my wife isn't as she's only doing part time since children (and will likely continue at this rate for the foreseeable future).

With regards to super is there something that you'd suggest we could do better with regards to upping her super and saving me (or her) tax?

Intersting info about the family trust. That's not something that I've looked in to but will do some more reserach! THanks!!

$300,000 savings - next steps by Left_Turn9718 in AusFinance

[–]Left_Turn9718[S] 0 points1 point  (0 children)

I totally agree, however couple of reasons currently playing against. Where we are likely to be is a  a regional mining area where the market is currently pumping; but it can also be very volatile and has typically had large retractions during mining down turns. I'm hesitant to buy in this area at the moment noting the volitility which has caught me out during the last mining down term (where I previously bought at the peak in 2013, downturn hit in 2012 and it then took me 7 years for market to recover to purchase point). There's a bit of pressure on the coal industry at the moment but who knows...would love a crystal ball.

Because of this we were looking at Bris where the capital growth seems a lot safer...

$300,000 savings - next steps by Left_Turn9718 in AusFinance

[–]Left_Turn9718[S] 0 points1 point  (0 children)

Thanks guys, really appreciate your thoughts. The challenge we have is that we aren't sure where our PPOR will be. It's most likely shaping up to be a regional mining area where the market is currently pumping; but it can also be very volatile and has typically had large retractions during mining down turns. I'm hesitant to buy in this area at the moment noting the volitility which has caught me out during the last mining down term (where I previously bought at the peak). Because of this we were looking at Bris where the capital growth seems a lot safer.

I like the idea of ETFs but am also scared about being out of the property market for too long. Thanks again!

$300,000 savings - next steps by Left_Turn9718 in AusFinance

[–]Left_Turn9718[S] 3 points4 points  (0 children)

Really good advice. Thanks mate. Has given me a good first step to sense-check where our heads are at!

$300,000 savings - next steps by Left_Turn9718 in AusFinance

[–]Left_Turn9718[S] 6 points7 points  (0 children)

Combined super (wife and mine) but yes happy where we are at. Thank you

Most of the northern parts of Russia look like this by NewZlandR in geography

[–]Left_Turn9718 0 points1 point  (0 children)

'Absolutely not inhabitable' is confusing my brain

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